Why We Like It:
SYNA is in the computer peripherals industry. In late January the stock soared toward resistance near $40.00 following a bullish earnings report. The company announced higher profits, higher revenues, and guided higher for the next quarter. Since then shares have suffered a post-earnings depression filled with profit taking but the correction seems to be over.

I am suggesting small bullish positions now at current levels. More conservative traders may want to use a trigger at $36.05 instead as their entry point. Our target is $39.50.